Iran Mercantile Exchange’s weekly trade surpasses $250mln

TEHRAN (FNA)- The Iran Mercantile Exchange (IME) said that around $256.7mln of various commodities weighting over 518,257 tons were traded in its trading and exports halls in the first week of the new year (January 3-7).

297,656 tons of metal sector commodities with the total value of $140,850 , including 181,360 tons of steel products, 100,000 tons of iron ore, 12,370 tons of copper, 3,660 tons of aluminum, 100 tons of precious metals concentrate were traded in the IME in the last week.

Moreover, 75,069 tons of bitumen, 28,000 tons of polymer products, 70,500 tons of VB, 22,000 tons of lube cut, 22,532 tons of chemical products, 1,780 tons of sulfur and 200 tons of insulation were traded in the IME’s chemical and oil hall during the last working week.

The IME was established on September 20, 2007 in accordance with article 95 of the new la of the Securities Market of the Islamic Republic of Iran and following the merger of the agricultural and metal exchanges of Tehran. The merger marked a new chapter in Iran capital market providing endless trading opportunities for the clients in and out of the country.

Various sectors of economy and national industry benefit from the exchange operation. The IME currently offers various services, including:

Performing as the first market providing access to the initial offering of the listed commodities in the IME,

Price discovery and price making for Iran’s Over the Counter (OTC), secondary markets and the end users,

Providing venue for government sales and procurement purchases,

Providing Trading platform and user interface,

Providing Clearing & Settlement services

Risk management,

Technology services,

Training and education of the market participants.

By Fars News Agency


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